First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Hits New 12-Month High – Time to Buy?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $106.23 and last traded at $106.26, with a volume of 1918 shares trading hands. The stock had previously closed at $104.97.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The stock has a market capitalization of $546.60 million, a P/E ratio of 24.50 and a beta of 1.20. The firm has a 50-day simple moving average of $100.40 and a 200 day simple moving average of $96.38.

Institutional Investors Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in FNY. Integrated Wealth Concepts LLC acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the first quarter valued at approximately $403,000. Jones Financial Companies Lllp boosted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 62.2% during the first quarter. Jones Financial Companies Lllp now owns 5,098 shares of the company’s stock valued at $354,000 after buying an additional 1,955 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 5.6% during the first quarter. Goldman Sachs Group Inc. now owns 52,795 shares of the company’s stock valued at $3,953,000 after buying an additional 2,795 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the first quarter valued at approximately $362,000. Finally, JPMorgan Chase & Co. boosted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 102.6% during the second quarter. JPMorgan Chase & Co. now owns 4,131 shares of the company’s stock valued at $341,000 after buying an additional 2,092 shares during the last quarter.

About First Trust Mid Cap Growth AlphaDEX Fund

The First Trust Mid Cap Growth AlphaDEX Fund (FNY) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Growth index. The fund tracks a tiered equal-weighted index of mid-cap growth stocks selected by AlphaDex selection methodology from the S&P 400 Index. FNY was launched on Apr 18, 2011 and is managed by First Trust.